Compare 2002 GMC Sierra 1500 Insurance Quotes

Having to pay for expensive GMC Sierra 1500 insurance can diminish your savings account and force you to make tough financial choices. Multiple insurers compete for your business, and it can be difficult to compare rates to find the absolute lowest cost out there.

If you are insured now or are looking for a new policy, you can use these techniques to find better prices and still get good coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers just need to know the proper way to find the lowest price on the web.

Car insurance quotes comparison

Cutting your car insurance rates is an easy way to save money. You just need to take time to compare rate quotes from some recommended companies. It is quite easy and can be accomplished using one of these methods.

  • Without a doubt, the easiest way to find low rates is to use a rate comparison form like this one (opens in new window). This type of form keeps you from doing repetitive form entry for every car insurance company. Taking the time to complete one form gets prices estimates instantly.
  • A slightly less efficient method to find more affordable insurance requires you to visit each company’s website and request a quote. For example, we’ll assume you want to view quotes from Liberty Mutual, Farmers and Travelers. To find out each rate you need to go to each individual site to input your insurance information, which can get rather old. To view a list of companies in your area, click here.

However you get your quotes, make sure you use nearly identical coverages and limits with each company. If the quotes have different limits and deductibles on each one it’s impossible to determine which rate is truly the best.

Do you qualify for discounts?

Insurance coverage is easily one of your largest bills, but you can get discounts that can help lower your rates. A few discounts will be applied when you complete an application, but some may not be applied and must be asked about prior to receiving the credit. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • No Claims – Insureds who avoid accidents and claims get the best insurance coverage rates compared to drivers with a long claim history.
  • Safety Course Discount – Taking a class that teaches defensive driver techniques could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Multi-Vehicle Discounts – Having multiple cars with the same company qualifies for this discount.
  • E-sign Discounts – Some companies may give you up to $50 just for signing your application on the internet.
  • Resident Student – Children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus may be insured at a cheaper rate.
  • Discount for Home Ownership – Owning a home may trigger a policy discount on insurance coverage since owning and maintaining a home shows financial diligence.
  • Renewal Discounts – Some insurance companies reward drivers for switching to them prior to the expiration date on your current policy. This discount can save up to 10%.
  • Theft Deterent System – Cars optioned with advanced anti-theft systems are less likely to be stolen and qualify for as much as a 10% discount.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.

Discounts lower rates, but most of the big mark downs will not be given the the whole policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. Despite the appearance that you can get free auto insurance, it’s just not the way it works. But any discount will bring down your overall premium however.

Insurance companies that may offer policyholders many of the previously listed discounts include:

Check with all companies you are considering which discounts they offer. Some discounts may not be offered in every state. To find companies who offer insurance coverage discounts, click here.

How car insurance companies determine GMC Sierra 1500 insurance prices

An important part of buying insurance is that you know a few of the rating criteria that are used to determine your policy premiums. If you have a feel for what influences your rates, this enables informed choices that can help you get better car insurance rates.

The following are some of the things car insurance companies consider when setting your rate level.

  • Your career may increase premiums – Do you have a high-stress occupation? Careers like real estate brokerspolice officers and miners generally have higher premiums than the average policyholder because of high stress and lengthy work days. Conversely, careers like actors, historians and performers pay lower than average rates on Sierra insurance.
  • Save money by having high credit – Having a bad credit score is a large factor in calculating your premium rate. Consumers who have excellent credit tend to file fewer claims and have better driving records than drivers with lower credit ratings. If your credit score is lower than you’d like, you could potentially save money when insuring your 2002 GMC Sierra 1500 by improving your credit score.
  • Consolidate policies with the same company – Most car insurance companies apply better rates to insureds who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even with this discount applied, drivers will still want to compare other company rates to help ensure you have the lowest rates.
  • Pleasure use or commuting – The more miles you rack up on your GMC each year the more it will cost to insure it. The majority of insurers apply a rate based on their usage. Autos not used for work or commuting receive lower rates than vehicles that have high annual mileage. Double check that your car insurance policy reflects the correct usage. An incorrectly rated Sierra 1500 is just wasting money.
  • Big city or small town – Residing in less populated areas may provide you with better prices if you are looking for the lowest rates. Less people means reduced accidents in addition to lower liability claims Drivers who live in large cities have to deal with congested traffic and more time behind the wheel. More time on the road can result in more accidents.
  • Gender impacts prices – Statistics demonstrate females are less aggressive when driving. That doesn’t necessarily mean that women are BETTER drivers than men. Males and females have accidents at about the same rate, but males tend to have higher claims. Men also statistically receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Young men ages 16 to 20 are most likely to cause an accident and are penalized with high car insurance rates.
  • Get better rates if married – Your spouse may cut your premiums on your policy. Marriage translates into being more financially stable it has been statistically shown that married couples file fewer claims.
  • Alarm systems systems cut rates – Choosing to buy a car with a theft deterrent system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft and help bring rates down.

Don’t assume everyone needs the same auto insurance coverage

When it comes to choosing proper insurance coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that might point out whether you may require specific advice.

  • Does having multiple vehicles earn me a discount?
  • When would I need additional glass coverage?
  • Does my liability insurance cover pulling a trailer or camper?
  • What should my uninsured motorist coverage limits be in my state?
  • When should I remove comp and collision on my 2002 GMC Sierra 1500?
  • Is a new car covered when I drive it off the dealer lot?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Coverage specifics

Understanding the coverages of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.

Medical expense insurance

Coverage for medical payments and/or PIP pay for immediate expenses such as nursing services, doctor visits, hospital visits and pain medications. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This pays for damage to your Sierra 1500 from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a ditch, driving through your garage door and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability insurance

This will cover damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things like repair bills for other people’s vehicles, court costs, medical services, legal defense fees and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive (Other than Collision)

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a bird, damage from getting keyed, fire damage, damage from flooding and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your GMC Sierra 1500.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are set the same as your liablity limits.

Quote more, save more

In this article, we presented a lot of information how to lower your 2002 GMC Sierra 1500 insurance prices. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers may even find the lowest prices are with a small local company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

When trying to cut insurance costs, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your goal is to purchase plenty of coverage at an affordable rate while still protecting your assets.

Some insurance coverage companies do not offer rate quotes online regional insurance providers only sell coverage through independent agents. The cheapest 2002 GMC Sierra 1500 insurance is definitely available online in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection.

Much more information about insurance coverage is located at these links: